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240 28th St
SOLD
240 28th St
San Diego
$1,155,000
Property Description
This centrally located 4 unit consists of all 2 bedroom 1 bath units with private patios and in unit washer/dryer situated on a large 7,992 square foot lot. Tenants enjoy the privacy and proximity to Downtown, Balboa Park and the nearby 5, 94 and 15 freeways. Along with the property's great central location, tenants also have an off- street parking space. This properties boasts significant rental upside with rents currently about 30% under market.
Contact Agent
Alexio Barbara
760-419-1343
Investment Summary
Property Location
SOLD
$1,155,000
Property Type
4plex
Price/Unit
$298K
Units
Unit Mix
4
(4) 2bd / 1ba
Price/Sq Ft
$358
NOI
$41,994
CAP
GRM
Sq Ft
Current
3.51
16.8
Imp
3,332
Year Built
1959
240 28th St
Proforma
7.11
10.4
Land
7,992
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